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Fortunately we are able to disagree on many things and still work for and accomplish a common goal. Our Family.

It's always great to see an OP come back to a thread after a long absence, but you've still left many unanswered questions. Like, why is the family not involved in using the sailboat together. Clearly, wife sees no benefit to the sailboat, so who can blame her for disliking the annual slip fees?

Personally, there is no way I'd have a boat if my family was not interested in ever using it. That was sorta the whole point of getting the boat in the first place.

Let me start out by saying I was really looking for some good arguements in my favor. Not advice on how to get devorced. We have decided to agree on disagreeing.

Well I for one wish you the best of luck with your situation but quite honestly no matter how this shakes out, there will be no winners.

01-29-2013 04:22 PM

wind_magic

Re: can I afford to continue sailing

I just finished reading this whole thread, it was interesting!

Too far outside of my realm of experience to make a serious comment about.

In a strange way it does remind me of this advertisement, however.

01-29-2013 03:38 PM

deltaten

Re: can I afford to continue sailing

Can you afford NOT to continue sailing???

Face it, it's a 'decompression' sport. Relaxing and recharging yer [inner] batteries. It'll smooth ya out, make you more even-tempered and mellow and better able to deal with the day-to-day stress of work/marriage/kids whatever.

Mebbe an approach like that?

Or; do a comparison budget vs golf or bowling in a league?? I did a few Regional matches per year. It worked out to much less than a (cheaper) vacation [for one] at the Shore. That and a couple weekends away were good for my soul.
I'm sure sailing will fill the same bill!

01-29-2013 03:30 PM

wind_magic

Re: can I afford to continue sailing

This is a joke ...

Tell her that you were about to leave her and the kids because you just can't get it out of your mind how much you have given up. You gave up your friends, all of the extra money you had, all of your freedom, the motorcycle (you did want a motorcycle if you don't have one!), the sports car, you gave up dating, you gave up your bachelor pad, your video games, good movies (now you only get to watch Disney and "family" movies), and now you have to drive this stupid mini van all the time. That's it! you say, you're leaving! You just can't take it anymore! You feel trapped, and you feel like you are going out of your mind! You are going to go back to working in a fast food joint and hang out at the bar with your friends and go fishing on the weekends, she's on her own. Love just isn't enough anymore, and you hate her mom.

Then tell her haha, just kidding, but you're keeping the boat.

(By the way, I only read the first post on this thread and I'm going back to read the whole thread now, so hopefully this post is taken as the light hearted joke it is meant to be!)

Once again I am no expert. I did some quick research and it appears that it has something to do with deductions for a second home 2nd home so you are probably right about only the interest and such being deductible.

Yes, that is my understanding. You can treat your boat as you would say a second (vaction home), but on your boat you need to have a toilet and cooking and sleeping facilities. Then you can make similar deductions that you would make on your home. If your boat was your home, same deductions would be allowed.

If you charter your boat, you probably could deduct all expenses (include dock fees and maintenace- it would be just like a rental house), but then I think you are limited to the amount of time you are allowed to use the boat each year (not sure but think it is something like 21 days a year).

01-29-2013 02:58 PM

Gramps

Re: can I afford to continue sailing

Once again I am no expert. I did some quick research and it appears that it has something to do with deductions for a second home 2nd home so you are probably right about only the interest and such being deductible.

While I am no expert on the subject you may want to investigate using the boat as a tax deduction. I believe the IRS allows a percentage of the cost of ownership to be deducted provided the boat has certain necessities and you live on it a few weeks a year. Worth looking into and doesn't cost anything to find out if you qualify.

Would not the only thing you "might" be able to deduct would be interest on the boat loan (if you have a loan) and maybe a state "property tax", if you state has this? I do not think you could deduct slip and maintenace fees.

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